Nationwide Building Society -Two Year Tracker

Tracker rate: Up to 95% of valuation 0.49% above Bank of England base rate, up to 90% of valuation 0.19% above Bank of England base rate

Payable rate: Up to 95% of valuation 4.99%, up to 90% of valuation 4.69%

Minimum loan: 1

Maximum loan: Up to 95% of valuation subject to a maximum of 200,000, up to 90% of valuation subject to a maximum of 300,000, up to 85% of valuation subject to a maximum of 400,000, up to 80% of valuation subject to a maximum of 700,000, up to 75% of valuation subject to a maximum of 1m, up to 60% of valuation subject to no maximum

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The Money Portal is planning to launch a fund of funds’ operation through Bates Investment Services when it buys a discretionary business. TMP is looking to buy a discretionary business as part of its expansion plans, giving it power to buy and sell underlying funds and move into the fund of funds’ sector. Bates and […]

Revenue & Customs is running a series of pension simplification workshops for the financial services industry, inviting IFAs and product providers clarification about the new rules from A-Day, focusing on Sipps. The workshops will take place in the autumn, with dates to be confirmed.

Jayne Stevlingson has joined Gartmores small-cap investment team as senior investment manger.Stevlingson, based in Philadelphia, will assume portfolio co-management responsibilities, alongside Gil Knight, on the Gartmore US smaller companies fund and the Gartmore SICAV US smaller companies fund. She will report to Gartmore US chief executive Young Chin.She joins from Altura Asset Management where her […]

Kunal Desai, Head of Indian Equities While summing up India’s performance through April, one of Warren Buffett’s adages springs to mind. “When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep. For most people, it’s the same with everything in life they […]

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Latest from Money Marketing

As discretionary fund managers continue to grow in assets and importance in the adviser community, Money Marketing research has cast new light on the market’s impact on planning. More than 400 advisers and paraplanners responded to a Money Marketing survey on the DFM market. Ninety per cent of respondents used at least one DFM and […]

HM Revenue & Customs has published guidance on how new income tax bands in Scotland will affect pension schemes and their members. The note is a response to the Scottish Government’s confirmation it will introduce five income tax bands for 2018/19. Pension savers in Scotland currently receive pension tax relief at their marginal rate but […]

SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as […]